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so, are you worried that environment makes things so dicey that no deal is done and if it is done, it it is a bad d. >>guest: i am worried. the so-called fiscal cliff was put in law because it was stuff that would be so unacceptable congress would never let it happen, enormous tax increases, grotesque cuts in spending but here we, it is in the law. congress does nothing which congress is good at doing and go over the cliff and some want to see that happen because then the crisis will generate the kind of bipartisan agreement we need but that is irresponsible. >>neil: it is looking more likely. then who picks up the pieces? >>guest: the country suffers. i don't think anyone gains politically. you know that almost everyone here in both parties will tell you if you talk to them privately, this ends with entitlement reform. not cutting programs like medicare but slowing down the growth in the programs because they are the big drivers of the deficit and raising more out of the revenue, out of the tax system. whether you call iterates or reform over whatever you call it, and each those touc
so, are you worried that environment makes things so dicey that no deal is done and if it is done, it it is a bad d. >>guest: i am worried. the so-called fiscal cliff was put in law because it was stuff that would be so unacceptable congress would never let it happen, enormous tax increases, grotesque cuts in spending but here we, it is in the law. congress does nothing which congress is good at doing and go over the cliff and some want to see that happen because then the crisis will...
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but that solution needs to create a business environment that allows businesses to grow because we're only expanding 2% gdp. we need at least 3 1/2, 4% to bring down unemployment. so we are fighting for the soul of america. >> steve: 'cause you need to help the economy and sell cars, too. >> that's an important part, to because next to our homes, the purchases -- it's always a lead indicator. >> gretchen: you would know, and this is why you were invited, because you run ford and you've been very successful at it. by the way, you took no bailout money because you borrowed money before that other fiscal cliff that we went over when the car industry was bailed out. did the president listen to you? >> i think he absolutely did. of course, i would do it again about testifying against my competitors because clearly the united states economy was in a recession and could have gone into a depression. i'm glad we did testify on behalf of our competitors at the time because we were doing the right thing for the u.s. economy. >> brian: as gm begins to boom, are you saying, you wouldn't even exist
but that solution needs to create a business environment that allows businesses to grow because we're only expanding 2% gdp. we need at least 3 1/2, 4% to bring down unemployment. so we are fighting for the soul of america. >> steve: 'cause you need to help the economy and sell cars, too. >> that's an important part, to because next to our homes, the purchases -- it's always a lead indicator. >> gretchen: you would know, and this is why you were invited, because you run ford...
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it's hard to see opportunity in today's challenging environment. unless you have the right perspective. bny mellon wealth management has the vision and experience to look beyond the obvious. we'll uncover opportunities, find hidden risk, and make success a reality. bny mellon wealth management [ male announcer ] it's that time of year again. medicare open enrollment. time to compare plans and costs. you don't have to make changes. but it never hurts to see if you can find better coverage, save money, or both. and check out the preventive benefits you get after the health care law. ♪ open enrollment ends december 7th. so now's the time. visit medicare.gov or call 1-800-medicare. now is a good time to think about your options. are you looking for a plan that really meets your needs and your budget? as you probably know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement
it's hard to see opportunity in today's challenging environment. unless you have the right perspective. bny mellon wealth management has the vision and experience to look beyond the obvious. we'll uncover opportunities, find hidden risk, and make success a reality. bny mellon wealth management [ male announcer ] it's that time of year again. medicare open enrollment. time to compare plans and costs. you don't have to make changes. but it never hurts to see if you can find better coverage, save...
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important thing is to listen to each other and work to common solutions always on the eye of creating an environment where businesses can grow and provide great jobs and great careers going forward. i think that's the most important thing is to stay focused on what the job is at hand. >> and anything about the cup holders? >> well, you can have big cups or small cups. >> what else do you have in the car, though? internal, people like gadgets now. do they have the maps and everything like that? >> we have my lincoln touch system which is really the latest and greatest in human machine interfaces, it's really nice. you can command the vehicle with your voice. and you can do it with the swipe of your finger, of course. but probably the neat thing we have is a new push button transmission. and instead of your traditional shifter -- >> it if you're chrysler -- >> push, drive or reverse. what's neat about it, it freed up the instrument panel, the center console to be really beautiful now. because we don't have that big, clunky, shift mechanism. i think you'll find some new things. >> does it have a great
important thing is to listen to each other and work to common solutions always on the eye of creating an environment where businesses can grow and provide great jobs and great careers going forward. i think that's the most important thing is to stay focused on what the job is at hand. >> and anything about the cup holders? >> well, you can have big cups or small cups. >> what else do you have in the car, though? internal, people like gadgets now. do they have the maps and...
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politics and the global economy also in london we have donna mustafa he is a reader in politics and environment at king's college london and in washington we cross to michael goodwin he is a south asia associate at the woodrow wilson international center for scholars all right gentlemen crosstalk rules in effect that means you can jump in any time one twenty five go to you first in london do you like the term water wars because it's used a lot in media. it sounds good because it's a literal served want to wars but in fact it misleads people into thinking that once you run out of water whatever that means you then automatically reach for a kalashnikov and go to war waters we have seen over the past forty years at least if not more is that when people run out of water that is they haven't got enough water to raise the food that they need at home they're not no longer self-sufficient they then reach for trade because trade is quiet and invisible it doesn't raise any politics a country all the twenty countries of the middle east and many other countries in the world and all the countries in europe
politics and the global economy also in london we have donna mustafa he is a reader in politics and environment at king's college london and in washington we cross to michael goodwin he is a south asia associate at the woodrow wilson international center for scholars all right gentlemen crosstalk rules in effect that means you can jump in any time one twenty five go to you first in london do you like the term water wars because it's used a lot in media. it sounds good because it's a literal...
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under a stress environment, you tolerate a higher failure. what are the costs to society and the cost of that failure? we are starting to answer questions about that. we have not looked at it hard enough. it is really interesting going forward. >> one of the challenges is the chart we're showing does not answer the question. it is showing you the cumulative default rate on mortgages. if they streamline refinance and then go delinquent, the delinquency is not linked back to when they came into the system. that serious delinquency is not being shown anywhere. we cannot start dealing with the tough questions about what is the trade-off if we don't first mentioned -- measure the trade- off. i would encourage the fha to go back and recall that chart. then we start saying what is the reality and water were comfortable with. >> for the question of what rate are we comfortable with? there are people who will be more likely to fail and those that are more likely to succeed. perhaps that is actually where we are. sometimes we have recessions that are s
under a stress environment, you tolerate a higher failure. what are the costs to society and the cost of that failure? we are starting to answer questions about that. we have not looked at it hard enough. it is really interesting going forward. >> one of the challenges is the chart we're showing does not answer the question. it is showing you the cumulative default rate on mortgages. if they streamline refinance and then go delinquent, the delinquency is not linked back to when they came...
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who would say no to that in this environment of rock bottom days. is it possible to make money in these companies after dividends are announced? our money pros give you strategies for dividend payers. does the defense industry have any defense if we go over the fiscal cliff and it's starved of billions of dollars in contracts or are massive job cuts unavoidable and on the horizon? then that millionaire next door, he may no longer be a millionaire, or she f we go over the fiscal cliff. our wealth editor robert frank tal lis up the casualties coming up. you're watching "closing bell" on cnbc. this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day after day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] one pill each morning. 24 hours. zero heartburn. a passionate belief, and the foundation on which merrill lynch has been built. today, our financial advisors lead from a new position of strength. together
who would say no to that in this environment of rock bottom days. is it possible to make money in these companies after dividends are announced? our money pros give you strategies for dividend payers. does the defense industry have any defense if we go over the fiscal cliff and it's starved of billions of dollars in contracts or are massive job cuts unavoidable and on the horizon? then that millionaire next door, he may no longer be a millionaire, or she f we go over the fiscal cliff. our...
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later today, a report about the problem will be presented to the city council's transportation and environment committee. >>> the public has been invited to a meeting tonight about the search for a new police chief for san jose. during that meeting, city officials will ask for ideas about what quality should be considered in evaluating candidates for the job. the meeting is due to begin at 67:30 at the mayfair community center. >>> want to check in with tara again. >> there is a new accident on 680 southbound. there is a car blocking the lane there. it doesn't appear to be causing too much of a backup. right now we're gonna head outside and you can see the east shore freeway is pretty much a mess. i have red arrows that about all the way from the bay bridge up to richmond. so different yourself some extra time if you need to head west on interstate 80. up next we'll take a look at the bay bridge toll plaza. you can see there is a lot of traffic here. it's been like this since about 6:00 this morning. give yourself some extra time if you need to head into san francisco. 280 in san jose, the tra
later today, a report about the problem will be presented to the city council's transportation and environment committee. >>> the public has been invited to a meeting tonight about the search for a new police chief for san jose. during that meeting, city officials will ask for ideas about what quality should be considered in evaluating candidates for the job. the meeting is due to begin at 67:30 at the mayfair community center. >>> want to check in with tara again. >>...
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to consume sensibly not throw food away choose the right foods to be healthy and to keep your environment healthy make sure that the corporations in the middle of that food supply chain are also doing responsible things around twenty i don't laterally anytime soon don if i go to you people you love the term peak oil but there's also the term peak water does not mean anything to you and what should it mean to others. did you say peak oil or people water. i haven't heard the term before could you explain no no no that's not a thing i'm asking you if it means anything to you because i can because i can talk about it and tony go ahead jump in yeah which is following on the idea of people over there seems if you look at the numbers on oil and gas that's we've reached a point where on about an hour in the case of gas a little bit in the future where the next and the amount of gas. being mobilized after that the volumes that could be mobilized will get less and if we've got the demand for those products those energy projects which got us for the peak level then if the variability is going down t
to consume sensibly not throw food away choose the right foods to be healthy and to keep your environment healthy make sure that the corporations in the middle of that food supply chain are also doing responsible things around twenty i don't laterally anytime soon don if i go to you people you love the term peak oil but there's also the term peak water does not mean anything to you and what should it mean to others. did you say peak oil or people water. i haven't heard the term before could you...
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competitive environment is different. in fact more favorable. so i think when you net all that out there's growth opportunities. >> of course in the last conference call you talked about the best companies in your industry generate as much as $450 million of cash flow or ev ebita. is it reasonable to expect you could get to that high a number? >> you don't have to if you create value. $450,000 per home past her year of ebita coming out of the best cable operators and charter is actually at the lowest end of that scale. so the up-front or up side that we have is bigger than anyone else's. but i think the whole industry has room to grow so i don't -- >> you still think the industry -- even though video subs are not growing anymore. zp video subs are not growing but they're stabilizing. data and voice is growing and i think video can grow again. the industry was stuck in an analog world and had to make a transition and it is not fully complete yet. but as these cable companies become all digital, a lot of spectrum is freed up so the capacity of the
competitive environment is different. in fact more favorable. so i think when you net all that out there's growth opportunities. >> of course in the last conference call you talked about the best companies in your industry generate as much as $450 million of cash flow or ev ebita. is it reasonable to expect you could get to that high a number? >> you don't have to if you create value. $450,000 per home past her year of ebita coming out of the best cable operators and charter is...
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we've seen how quickly facebook was able to adapt to the new mobile advertising environment, once google has seen that new rocketship, i see no reason why google should be any different. especially since google owns android. they need to figure out how to monetize it better. something the company is doing by releasing its own line of smartphones and tablets. google is sold out until after christmas. of the growth stocks, i got to admit i like google less than i did before the bad quarter if you're trying to figure out which of these stocks worries me the most, it's google, it's become a show-me situation. how about visa and master cad? both up decently since i recommended them in october. these are both plays in the worldwide switch from paper currency to plastic. visa and mastercard both reported strong quarters in october, they have healthy balance sheets. mastercard is winning new business all over the place. and visa announced a $1 billion buyback. even though visa has a new ceo, i'm a big fan of both stocks. i think they're both candidates to offer special dividends as the year unwi
we've seen how quickly facebook was able to adapt to the new mobile advertising environment, once google has seen that new rocketship, i see no reason why google should be any different. especially since google owns android. they need to figure out how to monetize it better. something the company is doing by releasing its own line of smartphones and tablets. google is sold out until after christmas. of the growth stocks, i got to admit i like google less than i did before the bad quarter if...
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what might that environment look like? >> i don't think that's what happens. we're not talking about taking tax rates from 35 to 50 or 60. we're talking a few percentage points. so it's uncertainty, well do i get my deductions, do i pay a hayer rate? what is my mix and until then i sit on my hands. bringing up the again the uncertainty factor. i think we get to a point where we get some sort of compromise around these things. we'll get back through a muddle through economy. not a great one but good enough one. david: the president's comments of last year notwithstanding where he was for lowering rates. rates go up in one way, shape or form. rather than spending money in the stock market where people get taxed more they think of more direct investment? more vehicles that avoid the stock market entirely and get cash directly to the companies? >> that could happen and would be good for the economy which in a perverse way would be good for the stock market as well if you see my logic. getting people to move off the dime. to say i don't need this hoard of cash fran
what might that environment look like? >> i don't think that's what happens. we're not talking about taking tax rates from 35 to 50 or 60. we're talking a few percentage points. so it's uncertainty, well do i get my deductions, do i pay a hayer rate? what is my mix and until then i sit on my hands. bringing up the again the uncertainty factor. i think we get to a point where we get some sort of compromise around these things. we'll get back through a muddle through economy. not a great...
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politics and the global economy also in london we have donnish mustafa he is a reader in politics and environment at king's college london and in washington we cross to michael goodwin and he is a south asia associate at the woodrow wilson international center for scholars all right gentlemen crosstalk rules in effect that means you can jump in any time one twenty five go to you first in london if you like to charm water wars because it's used a lot in media. it sounds good because it's a literal border wars whereas in fact it before thinking that it was to run out of water whatever that.
politics and the global economy also in london we have donnish mustafa he is a reader in politics and environment at king's college london and in washington we cross to michael goodwin and he is a south asia associate at the woodrow wilson international center for scholars all right gentlemen crosstalk rules in effect that means you can jump in any time one twenty five go to you first in london if you like to charm water wars because it's used a lot in media. it sounds good because it's a...
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if that was back on the table could you imagine that breaking through the current political environment. >> i think basically now, gwen, there are three sticking points. one is the amount of revenue and the sources of revenue. the second is the amount of spending cuts and how much of that will come from the entitlement programs particularly health. the last sticking point is what do we do about this debt limit that we've come up against all the time that puts our credit in danger. >> ifill: the president has said the debt limit should be, at least in his opening statement, that the debt limit debate should be set aside and that nothing can be done unless the taxes are cut... are raised for the wealthy. is that part of a solution that you can see working for what it is everybody is trying to get to here? >> look, gwen, i'm not a bit worried that it appears on the surface that secretary geithner ton the speaker didn't make any progress last week. that's just a theater you go through. geithner made his first offer. the republicans rejected it. no surprise. i'm sure that this offer that the
if that was back on the table could you imagine that breaking through the current political environment. >> i think basically now, gwen, there are three sticking points. one is the amount of revenue and the sources of revenue. the second is the amount of spending cuts and how much of that will come from the entitlement programs particularly health. the last sticking point is what do we do about this debt limit that we've come up against all the time that puts our credit in danger....
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why, in this economic environment, would you open a hotel? >> well, i'll tell you right now that if i had any idea this-- i wouldn't, if i had a choice, but this project was started four years ago. these things have a huge lead time. >> the gambling industry has been battered by the recession and taken the city of las vegas down with it. some casinos stand half built. unemployment is over 10%. and while steve wynn has had to slash employees' pay and lower room prices, he plows ahead, doing whatever it takes to get customers to his new hotel. >> this is encore. [dramatic orchestral music] ♪ >> and, yes, he really was sitting on top of the building. >> next time, we do this in the lobby. >> the encore is connected to his other las vegas hotel, the wynn, and he has a third in macau, china. inside, his hotels are fantasy lands for well-heeled adults. he brought gourmet restaurants and high-end shopping to the strip. his hotels may be extravagant, but his business strategy is conservative. his company is not highly leveraged and has over $1 bill
why, in this economic environment, would you open a hotel? >> well, i'll tell you right now that if i had any idea this-- i wouldn't, if i had a choice, but this project was started four years ago. these things have a huge lead time. >> the gambling industry has been battered by the recession and taken the city of las vegas down with it. some casinos stand half built. unemployment is over 10%. and while steve wynn has had to slash employees' pay and lower room prices, he plows...
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it's hard to see opportunity in today's challenging environment. unless you have the right perspective. bny mellon wealth management has the vision and experience to look beyond the obvious. we'll uncover opportunities, find hidden risk, and make success a reality. bny mellon wealth management bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. get selsun blue for itchy dry scalp. strong itch-fighters target scalp itch while 5 moisturizers leave hair healthy. selsun blue. got a clue? get the blue. >>> the white house has just responded to the new fiscal cliff offer from house republicans. let's bring in our chief white house correspondent jessica yellin. jessica, how's
it's hard to see opportunity in today's challenging environment. unless you have the right perspective. bny mellon wealth management has the vision and experience to look beyond the obvious. we'll uncover opportunities, find hidden risk, and make success a reality. bny mellon wealth management bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their...
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to the video environment. over the top scared everybody for a long time. there's a lot of questions. what was netflix going to do to its business model? how was content going to be monetized. with the tv everywhere infrastructure coming together, companies are more comfortable about how the world looks going forward. that's one of the big things holding back m&a. ceos were worried about buying a company and then having the world shift under their feet. a lot of those outlines are in place for doing more deals. >> right. in this world regardless of whether it's just a broad band connection or not, you say they will figure out a way to get paid. >> exactly. if you look at over the top distribution, that's been another way for content providers to sell content. if anything, it's been a new customer for them. >> sam, we're going to leave it there. looking forward to seeing you later face to face. i'll interview tom rutledge who runs charter. u.s. media conference being held the first three days of this week, i bel
to the video environment. over the top scared everybody for a long time. there's a lot of questions. what was netflix going to do to its business model? how was content going to be monetized. with the tv everywhere infrastructure coming together, companies are more comfortable about how the world looks going forward. that's one of the big things holding back m&a. ceos were worried about buying a company and then having the world shift under their feet. a lot of those outlines are in place...
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them, with a corporate take on every important issue in american life, from health and safety to the environment to taxation. in alec task forces, elected state officials and corporate representatives close the doors to press and public, and together approve the bills that will be sent out to america. but americans have no idea they come from alec, unless someone like a mark pocan exposes it. >> when i went down to new orleans, to the alec convention last august, i remember going to a workshop and hearing a little bit about a bill they did in florida and some other states. and there was a proposal to provide special-needs scholarships. and lo and behold all of a sudden i come back to wisconsin, and what gets introduced? get ready. i know you're going to have a shocked look on your face. a bill to do just that. >> 26 alec members in the wisconsin legislature sponsored that special-needs bill, but the real sponsor was alec. pocan knew because the bill bore a striking resemblance to alec's model. have a look. but pocan isn't only concerned that alec sneaks bills into the state legislature. the inte
them, with a corporate take on every important issue in american life, from health and safety to the environment to taxation. in alec task forces, elected state officials and corporate representatives close the doors to press and public, and together approve the bills that will be sent out to america. but americans have no idea they come from alec, unless someone like a mark pocan exposes it. >> when i went down to new orleans, to the alec convention last august, i remember going to a...
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the environmental community can see a reduction in the amount of carbon and an improvement in the environment as well as conservatives can see the idea of leaving it more resources at home and sending less of our wealth abroad. this is a way of doing something different, which is creating a consensus to get something done in the next congress. we are excited for the next congress and to work with all legislators to implement these recommendations and see them through to their felon. -- to their fulfillment. i would like to call fred smith, the chairman and founder of fedex. he really needs no introduction. but the truth is fedex and what -- p. burns about 1.5000 gallons of fuel per day -- 1.5 billion gallons of fuel per day. oh, per year. [laughter] why would really be a problem. but the truth is that sex, what they have done in our economy is groundbreaking. they are the clipper ships of the modern age. what they see in terms of the economic growth of our country, because they touch every industry, as well as providing the transportation to making our economy grow, i think he is well-suited
the environmental community can see a reduction in the amount of carbon and an improvement in the environment as well as conservatives can see the idea of leaving it more resources at home and sending less of our wealth abroad. this is a way of doing something different, which is creating a consensus to get something done in the next congress. we are excited for the next congress and to work with all legislators to implement these recommendations and see them through to their felon. -- to their...
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if you can in this environment, record low interest rates, home values epressed from the recession. buy a house. don't look at the target. you won't make money in the savingsing thes. dividends taxed as regular income. buy a home, something you can use, live in, and sit on. stuart: no dividend to be taxed, and if it's up in value, you don't pay tax until you sell it. ten seconds for the best investment of 20 # 13? >> amazon, other online retailers. i spent black friday in my pajamas at home getting deals,
if you can in this environment, record low interest rates, home values epressed from the recession. buy a house. don't look at the target. you won't make money in the savingsing thes. dividends taxed as regular income. buy a home, something you can use, live in, and sit on. stuart: no dividend to be taxed, and if it's up in value, you don't pay tax until you sell it. ten seconds for the best investment of 20 # 13? >> amazon, other online retailers. i spent black friday in my pajamas at...
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in this low interest rate environment, this is the other big ticket item. >> how are people going to fund their purchases? you have an 11-year-old car, how are they funding the replacement of it? >> well, the availability of credit has improved dramatically over the last eight months or so. and we're even seeing people with bumps in their credit history, subprime borrowers, getting more acceptances of their car loans. and of course there are a lot of incentivized interest rates from the manufacturer's financing arms out there, as well. the overall softness in the european market and with japan in recession, we think we'll see likely more incentives from manufacture are ers for customer the coming months because they have capacity they're not using for those other market. so they will be targeting this u.s. market and the consumer is in a pretty good mood. part of that we believe is the stabilization of home prices which is the basic net egg for most middle class americans. >> it would seem whatever's going on where you are in washington not having an impact. why do you think that is?
in this low interest rate environment, this is the other big ticket item. >> how are people going to fund their purchases? you have an 11-year-old car, how are they funding the replacement of it? >> well, the availability of credit has improved dramatically over the last eight months or so. and we're even seeing people with bumps in their credit history, subprime borrowers, getting more acceptances of their car loans. and of course there are a lot of incentivized interest rates from...
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now, the difficulty is you have 70%, three out of four americans who saved it do not have enough for environment. lori: should average investors follow the institutions? >> yeah, you know, one of the things we are seeing is a lot of institutions have held off or have looked at managing risk and mitigating in their own portfolios. you are looking at this longer-term investing. writing to the store. looking at structures that allow you to mitigate risk and have better sleeping at night. you cannot fund a retirement by earning a half of a percent of 1% and a stable money market fund or bond. you will need to take some risk. sure. i was just going to come in with a risk. should i go risk on all the way and really go crazy and put in some, you know -- [talking over each other] >> it all depends on what your circumstances are. if you have some longer-term horizons, you should be looking out what type of risk you can look at in the portfolio. the big dynamic change has been risks moving from i do not want to miss the upside to a game i want to watch and protect my principal. it is about risk budgeting
now, the difficulty is you have 70%, three out of four americans who saved it do not have enough for environment. lori: should average investors follow the institutions? >> yeah, you know, one of the things we are seeing is a lot of institutions have held off or have looked at managing risk and mitigating in their own portfolios. you are looking at this longer-term investing. writing to the store. looking at structures that allow you to mitigate risk and have better sleeping at night. you...
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i think next year you'll be in a low growth environment again and really if you look at the economy, we're probably going back to the '90 style economy where you had 3%, 3.5% was really good growth. 2% growth which we're experiencing right now is pretty good. full employment might be 5.5, 6% like the old days. and i think with that being said, we've got to to get a little bit closer to those numbers to really have the economy start to take off. and i don't think we're that far in there. >> any much those numbers we would take. i don't know whether we are or not. wishful thinking for cantor. certainly would help you guys. why didn't you like fighting irish? >> they were on tv every week when i was a child and i'd like to see alabama win. >> alabama won last year. >> that's okay. all right. thank you. see you later. >>> in fact in some of the squawk sports news this morning, dallas beating philadelphia in sunday night nfl game. 38-33. tony romo threw three touchdown passes to break troy aikman's career franchise record. and the jets beat the cardinals 7-6. new york scoring the lone tou
i think next year you'll be in a low growth environment again and really if you look at the economy, we're probably going back to the '90 style economy where you had 3%, 3.5% was really good growth. 2% growth which we're experiencing right now is pretty good. full employment might be 5.5, 6% like the old days. and i think with that being said, we've got to to get a little bit closer to those numbers to really have the economy start to take off. and i don't think we're that far in there....
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what do we do to keep improving the business environment so that the economy can accelerate. that's the most important thing. >> hat do you make of when you hear the speaker, john boehner over the weekend say we haven't made any progress at all. we're at a stalemate. does that worry you? >> well, i think it's clearly coming together on a joint solution and there's going to be a lot of gives and takes. but it will take everybody working together both on the revenue side and -- >> ceo of ford when you hear about the fiscal cliff and what it can do in terms of raising taxes on middle class families, even obviously wealthier individuals your concerned about sales? >> this is really an important question because, you know, clearly the actions that congress put in place to deal with the fiscal cliff is very important because if those actions actually took place then it clearly has a big impact on purchase decisions for all of us and clearly would slow down the economy. so we really do need to come together with a joint solution. >> alan mulally, jim farley, thank you. >> lincoln. >
what do we do to keep improving the business environment so that the economy can accelerate. that's the most important thing. >> hat do you make of when you hear the speaker, john boehner over the weekend say we haven't made any progress at all. we're at a stalemate. does that worry you? >> well, i think it's clearly coming together on a joint solution and there's going to be a lot of gives and takes. but it will take everybody working together both on the revenue side and --...
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technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment. we're america's natural gas. jenna: new detailsee americaning in the murder-suicide involve kansas chief linebacker jovan belcher. they received a phone call as the tragedy unfolded. >> number one arrowhead drive. [inaudible. >> i believe our suspect is a chief's player so whoever goes over there, go with caution. we have a confirmed shooting i believe it's belcher. >> brad underwood reporting for fox kansas city as live at arrowhead stadium in kansas city, missouri with more. brad. >> reporter: good afternoon, jenna. we continue to learn more about the event that led up to the murder-suicide involving chief's linebacker jovan belcher and his girlfriend, his live in girlfriend. police say the shooting leading up to it there was an argument. friends and family saying that this relationship had a lot of tension, and friends and family of his girlfriend saying ever since the birth of their child it was an a very unhealthy relationship. they say belcher shot his girlfriend several times.
technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment. we're america's natural gas. jenna: new detailsee americaning in the murder-suicide involve kansas chief linebacker jovan belcher. they received a phone call as the tragedy unfolded. >> number one arrowhead drive. [inaudible. >> i believe our suspect is a chief's player so whoever goes over there, go with caution. we have a confirmed shooting i believe it's...
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and so we want to make sure that it's out of everything that is in the environment of children. >> reporter: the cosmetics industry counters that worrying about trace amounts of lead and lipstick distracts from other much greater risks. >> if you're really serious about the public health aspects of lead poisoning, you wouldn't be looking at lipstick. you would be looking at locations where children live. do they live near hazardous waste dumps? are they chewing lead-containing paint fragments? >> reporter: it's a difficult debate which may leave women pursing their lips, wondering what to do. for "good morning america," elisabeth leamy, abc news, massachusetts. >> all right. if you're not baffled enough, if you want to try to avoid lead in lipstick without wearing it, it's tough to do. we compared department store lip six to drugstore lipsticks. we compared reds to pinks, asian made to american made, lipstick to gloss. and found no pattern as to where the lead may pop up. go figure. lara? >> all right, thank you. >>> now, it's time to play the newest game here at "good morning america." wha
and so we want to make sure that it's out of everything that is in the environment of children. >> reporter: the cosmetics industry counters that worrying about trace amounts of lead and lipstick distracts from other much greater risks. >> if you're really serious about the public health aspects of lead poisoning, you wouldn't be looking at lipstick. you would be looking at locations where children live. do they live near hazardous waste dumps? are they chewing lead-containing paint...
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i think what happens in sports, especially football because it's such a masculine environment, you try to mask everything. if you hurt your ankle, you fake it and run it off like nothing's wrong. especially if you have an emotional or mental problem. you're certainly going to mask it. along the way if you don't you're going to get weeded out. football is a game of attrition. the weak don't make it to the top levels. so you mask any issues or demons that you may have so that you can get to that top level. i think it's a disservice, quite honestly, to the individuals in the games. because statistics will tell you that there are a couple guys in the nfl that have mental issues and it doesn't get addressed often enough. >> back to joe linta for a second. we know jovan went to the field and the facility and he talked to his coaches. i mean, he was talking to them with a gun to his head. why do you think his instinct after he kills his girlfriend, the baby in the other room, would be to go and thank his coaches? >> i think the instinct would have been the kind of young man that he was and th
i think what happens in sports, especially football because it's such a masculine environment, you try to mask everything. if you hurt your ankle, you fake it and run it off like nothing's wrong. especially if you have an emotional or mental problem. you're certainly going to mask it. along the way if you don't you're going to get weeded out. football is a game of attrition. the weak don't make it to the top levels. so you mask any issues or demons that you may have so that you can get to that...
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>> stephanie: norquist and maria commented this is a different environment than the 1990s. grover said we got four years of bad regulation, higher taxes. he wants to add more taxes to the tea party too. it will starve tea party i if obama pushes us over the cliff. [ screaming ] >> can't just wait for tea party three. >> probably about 150 billion. >> stephanie: that would be bad. okay. oh, let's see. phillip in durham disagrees with everything i say. about everything? >> ever! >> stephanie: hi, phillip. >> caller: hi, stephanie. look. appreciate the show. i think you have not been fair to the facts and let me just ask you from the -- what we're talking about -- >> stephanie: the facts are oversensitive in my opinion. >> caller: that's why you're better as a comedian than a political pundit. >> stephanie: all right. >> caller: the fact of the matter is simply this. timothy geithner proposed a budget plan that was already presented to the senate and was voted down 99-0. have you told your listeners that and why not? >> stephanie: phillip, what happened? [ ♪ "jeopardy" theme
>> stephanie: norquist and maria commented this is a different environment than the 1990s. grover said we got four years of bad regulation, higher taxes. he wants to add more taxes to the tea party too. it will starve tea party i if obama pushes us over the cliff. [ screaming ] >> can't just wait for tea party three. >> probably about 150 billion. >> stephanie: that would be bad. okay. oh, let's see. phillip in durham disagrees with everything i say. about everything?...